News Highlights: Top Company News of the Day
July 26 2017 - 5:30AM
Dow Jones News
Time Inc. Explores Sale of U.K. Magazine Division
Time Inc. has hired an investment bank to explore a possible
sale of its Time Inc. UK division and is in early-stage discussions
with potential buyers, according to a person familiar with the
situation.
Ryanair Willing to Pay to Keep Cash in Banks
Ryanair CFO Neil Sorahan says airline will keep its cash pile in
deposits, despite negative interest rates.
Ford Faces Lawsuit Over How it Handled Faulty Transmissions
An Australian regulator is suing Ford Motor regarding a
transmission that caused jerking while accelerating and excessive
noise, the latest legal challenge for global auto makers stemming
from safety concerns.
Fox Faces Lawsuit From Former Executive Accused of Sexual Assault
Francisco Cortes, a former Fox News executive who left the
company after being accused of sexual assault and harassment by an
on-air contributor, has sued the channel's parent, 21st Century
Fox, alleging fraud and breach of contract.
U.S. Audit Regulator Sanctions Hong Kong-Based Accounting Firm
The U.S. government's audit regulator has barred the Hong Kong
affiliate of accounting firm Crowe Horwath from auditing
U.S.-traded companies after the firm refused to cooperate with the
regulator's investigation of its work for a Chinese company.
Former VW Executive to Plead Guilty in Emissions-Cheating Case
Former Volkswagen compliance executive Oliver Schmidt agreed to
plead guilty in the U.S. to criminal charges stemming from his
alleged role in the German auto maker's yearslong emissions
deception.
Citigroup Aims High With Profit, Capital-Return Targets
Citigroup led bank stocks higher Tuesday after telling investors
it is aiming for $60 billion or more in capital returns to
shareholders through 2020 and that it hopes in coming years to earn
$20 billion annually.
Investors Buy Wal-Mart Neighborhood Grocery Sites in the South
Investors have been pulling back from retail real estate lately
as online shopping continues to encroach on brick-and-mortar
locations. But investors are still hungry for one category of
retail property: grocery stores.
AMD's New Chips Are Stacking Up
Strong results from the heavily shorted chip maker should calm
some nerves.
Celgene Settles Lawsuit Over Improper Promotion of Cancer Drugs
Drugmaker Celgene Corp. agreed to pay $280 million to the U.S.
and many state governments to settle a former sales manager's
lawsuit accusing the company of improperly promoting two cancer
drugs and causing false reimbursement claims to be submitted to
federal and state health-insurance programs.
(END) Dow Jones Newswires
July 26, 2017 05:15 ET (09:15 GMT)
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